KEY COLONY BEACH WATERFRONT GEM • 30' OF DOCKAGE • WALK TO CABANA CLUB • TURNKEY • VACATION RENTAL Welcome to your slice of the Florida Keys in sought-after Key Colony Beach! This gorgeous 2-bedroom, 2-bath half duplex offers the perfect combination of coastal living, boating convenience, and vacation-rental potential. Ideally located just a short walk from the renowned Cabana Club. Step inside to find a stylish, thoughtfully updated interior featuring granite countertops, stainless steel appliances, tile flooring, and quality finishes throughout. Impact windows and doors provide peace of mind while allowing plenty of natural light to fill the home. Outdoor living is just as impressive, with 30 feet of dockage providing the perfect setup for boating, fishing, and enjoying everything the Florida Keys has to offer. After a day on the water, rinse off in the convenient outdoor shower or relax and soak in the laid-back island lifestyle. The property is being offered fully furnished and turnkey and is currently established in the vacation rental program, making this an exceptional opportunity for an owner looking for a personal Keys getaway with rental income potential.
Shown by appointment only. All Buyers are to provide proof of funds or preapproval from their lender to the Listing Agent prior to scheduling the showing. Great location in the Gem of the Florida Keys, Key Colony Beach! This half duplex is above flood offers concrete construction, metal roof, and impact windows and doors. 30ft dockage can accommodate many boats. Enjoy the canal views from your porch and can even layout a canopy to give you a nice shade. Inside offers an open floor plan, with the kitchen offering stainless steel appliances and granite counter-tops. Travertine floors line the entire house. The bedrooms are nice and large. Each bathroom also is updated with granite counter tops. The master has an en-suite bath. Great vacation rental history and future bookings already in place! Make this your new property in the Keys!
FLKMLS #570810
Jun 27, 2016
Sold
$490,000
$473/sq ft
May 6, 2016
Listed
$499,000
$481/sq ft
+22
Property is offered fully furnished and is elevated above flood. Unit is turnkey with granite counters in kitchen and baths, stainless appliances, metal roof, impact windows, large soaking tub in master bath, interior washer and dryer, recessed lighting, lots of closet space, and back doors open up to nice covered very shady deck with seawall and stepdown dock. Other side of duplex also renovated, Insurance quotes coming soon i'm just waiting for the updated wind mit report so i can get exact wind quotes but flood will be very affordable since all the finished living area is above the base flood elevation. This property is currently a vacation rental and is booked solid for the next few weeks. Owners grossed about 40k last year and netted about 30k. Best times to show is saturday between check in times but minimum 24 hour notice to show. Survey, Elevation and insurance quotes available for serious inquiries
FLKMLS #539032
Feb 23, 2007
Listing Removed
—
Dec 1, 2006
Listed
$779,000
$751/sq ft
FLKMLS #530627
Jan 3, 2006
Sold
$675,000
$651/sq ft
Sep 19, 2005
Listed
$675,000
$651/sq ft
FLKMLS #523588
Feb 14, 2005
Sold
$494,000
$476/sq ft
Sep 17, 2004
Listed
$679,000
$655/sq ft
FLKMLS #520861
Sep 17, 2004
Listing Removed
—
Mar 4, 2004
Listed
$675,000
$651/sq ft
As the MLS and public records start to fill up, we'll list the details here.
Public record
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Style
Multi-Family (2-4 Unit)
County
Monroe County
APN
00072750-000000
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Last updated by owner on Aug 21, 2026.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
Heat Factor
We're working on getting current and accurate heat risk information for this home.
10/10 Wind Factor
99% chance of strong winds in next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Key Colony, FL • 33051
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Sun exposure
95/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.3 hrs
6.9 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 261 3Rd St
$856,867
$12K under list price of $869K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $535K to $1.3M.